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Tag: BTC

  • Bitcoin Outlook Discord: Tom Lee Breaks Down Fundstrat’s Position

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    According to reports, Fundstrat analysts are sending mixed signals about Bitcoin’s path in 2026. One line of work inside the firm sees a noticeable pullback early next year, while another predicts new highs arriving soon after.

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    Sean Farrell, Fundstrat’s head of digital asset strategy, is reported to have told clients that a “base case” would see Bitcoin move down toward the $60,000–$65,000 range in the first half of 2026.

    The same internal material attributes fallbacks for other major tokens — ETH toward about $1.8K–$2K and SOL near $50–$75 — which were framed as potential buying opportunities should markets correct.

    Risk Models And Shorter Time Horizons

    Farrell’s note, which has circulated as screenshots on social media and among clients, stresses risk management and the possibility of a meaningful drawdown before any sustained rally.

    The language in those client slides points to cautious positioning and to taking advantage of lower price levels if they arrive.

    Tom Lee’s Bullish Outlook Remains Publicly Strong

    By contrast, Tom Lee — Fundstrat’s co-founder and a longstanding voice on Bitcoin — has publicly said he expects new all-time highs in early 2026, with some media summaries quoting optimistic ranges as high as $200,000 by late January 2026.

    He has emphasized macro drivers, institutional flows, and cycle dynamics as reasons for continued upside in the coming months.

    Different Roles, Different Time Frames

    Reports have disclosed that the two views reflect different analytical roles inside the firm: one focused on portfolio-level downside planning and the other on longer-term macro scenarios.

    BTCUSD currently trading at $87,838. Chart: TradingView

    Several clients and observers on X (formerly Twitter) have pushed back on the idea that these are contradictory; instead, they say the notes reflect distinct mandates and time frames.

    Market Reaction and What Investors Are Hearing Now

    Markets reacted to the story with a mix of skepticism and quick profit-taking. Some traders flagged how fast sentiment can change when internal notes leak, while others said the range of outcomes — from roughly $60,000 to $200,000 — only underlines how uncertain forecasts remain for 2026.

    Trading desks are reported to be treating the internal slides as one input among many, not as an official firm forecast.

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    Public Takeaway

    According to the coverage, Fundstrat has not issued a unified, public forecast that collapses the two views into one number.

    Instead, clients and the market are being asked to weigh a downside scenario presented by the digital-assets team against a bullish macro scenario voiced by leadership.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Did Crypto Investors Stop Believing In The Four-Year Cycle? Analyst Weighs In

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    With only two weeks left of 2025, market participants wonder whether the Bitcoin (BTC) and the rest of the crypto market will continue to struggle or begin recovering. An analyst discussed the current market sentiment and the impact it may have on market performance.

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    The Four-Year Crypto Cycle Is ‘Like Faith In God’

    As we approach the end of the year, concerns about the crypto market’s performance continue to mount. Bitcoin, the largest cryptocurrency by market capitalization, has seen a 30% decline from its early October peak.

    As the volatility persist and the flagship crypto trades below its yearly opening price of $93,500, some investors questioned the four-year cycle theory, suggesting that the theory may no longer hold after the recent market’s performance.

    Responding to one of these comments, pseudonym market observer Plur affirmed that the four-year crypto cycle has evolved over the years and that “there is no magical rule of nature stating price must go up and down on this fixed cadence.”

    The analyst explained that the theory is a “memetic consensus, which is a form of implicit agreement and coordination that people will buy and sell together at set times, and by doing so, force outsiders to participate and bring their money.”

    “It’s an egregore-as-cartel. It’s a large group of loosely connected people all saying, every 4 years, we are going to hike up and down this mountain at the same time,” he detailed on the Wednesday post.

    Another community member added that the crypto cycle “is like faith in God: everyone believes in it, but no one has ever seen it.” Plur added that the initial catalyst and “original metronome” of this theory was the halving but that it has become “something more than that.”

    Market Struggles As Investors’ Faith Splits

    The evolution of the four-year crypto cycle has led some market participants to try to shift their behavior to “front run the moves of others” to benefit more.” As a result, many investors started to sell aggressively in 2025 anticipating of the end of the cycle.

    To the market watcher, this “represents a fraying in the memetic consensus, and eventually it collapses, as belief decays.” Similarly, Ark Invest’s CEO, Cathie Wood, recently affirmed that Bitcoin is currently “climbing another wall of worry” that has made investors cautious of the upcoming market performance.

    She explained that there is fear of the four-year cycle, which suggests that 2026 will be a corrective year. Plur noted that the crypto market is in an uncertain state, where some investors continue to believe in the theory and some don’t.

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    “The biggest impact that might have is not giving people enough confidence to buy on the upswing. Remember how assured you felt buying in 2023? Now the troops are scattered because the coordination mechanism is gone,” he stated.

    Plur added that “in equities the memetic consensus is that the index will always grind up over time, buy the dip, trust the process. (…) I had been hopeful that something similar could come in for BTC to replace the 4 year cycle, but sell pressure was way too high,” leading to the indeterminate state of the market. He concluded that it’s time to wait and see if a new form of memetic consensus can form.

    Total crypto market capitalization is at $2.92 trillion in the one-week chart. source: TOTAL on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • 5,606 Bitcoin: Lightning Network Sets Fresh Capacity Record

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    Lightning Network capacity hit a new high this week as major exchanges put more Bitcoin into off-chain channels, boosting the network’s total liquidity and changing how users move BTC.

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    Exchange Support Drives Capacity

    According to reports, the Lightning Network’s public capacity climbed to about 5,606 BTC, with some trackers briefly showing a peak near 5,637 BTC. That is a clear uptick from earlier levels and marks the highest recorded total so far.

    Exchanges including Binance and OKX have been named as contributors that added Bitcoin to Lightning channels, and other platforms such as Kraken and Bitfinex are expanding their support as well. These deposits are aimed at speeding up deposits and withdrawals and cutting fees for customers.

    Network Activity Vs. Public Nodes

    Based on reports, that increase in capacity has not been matched by a big rise in the number of public nodes or channels. Public node counts sit near 14,940, while public channels are roughly 48,678.

    In other words, more Bitcoin is available inside the network, but the number of hands handling traffic has not jumped in the same way. Some of this extra liquidity is concentrated in larger, custodial channels run by exchanges, which can move big sums without creating many new public routes.

    BTCUSD now trading at $86,366. Chart: TradingView

    That makes on-chain metrics a bit harder to read. Transaction counts and on-chain fee savings do show real user benefits, even when the node graph looks stable.

    A separate figure that shows real usage is the share of exchange traffic routed over Lightning. Based on reports, one exchange has routed around 15% of its Bitcoin transactions via Lightning rails after adopting Lightning integrations, pointing to meaningful operational changes at major platforms.

    New Use Cases And Funding

    Funding and protocol work are following capacity growth. Tether led a round that raised about $8 million for a startup focused on payments over Lightning, indicating interest in stablecoin flows on the network.

    Protocol upgrades — including work around Taproot-related asset handling and reliability improvements — are also being rolled out to support more varied payments and token types. These developments point to Lightning being used for things beyond tiny tips: remittances, merchant payments, and stablecoin transfers are being tested more widely.

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    Market watchers say this mix of exchange liquidity, developer upgrades, and rising on-platform usage could make Lightning a more practical rail for everyday BTC movement.

    Some critics warn that heavier reliance on custodial channels raises centralization risks and reduces the visibility of true peer-to-peer routing. Others note that improved user experience, lower costs, and faster finality are what ordinary users will notice first.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Here’s Why Bitcoin’s Reaction To Fed Policy Turns Bearish After Each FOMC Update

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    The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent market patterns of the year. After every FOMC update, the world’s largest cryptocurrency has reacted with a noticeable downside move, underscoring how closely the asset is now tied to shifting interest-rate expectations and broader macro sentiment. 

    What Future FOMC Meetings Could Mean For Bitcoin

    In an X post, analyst CryptoMichNL has mentioned that the Federal Reserve (FED) is preparing to update the printer from 2021 liquidity settings toward a more supportive 2025 stance. However, this doesn’t mean it will have an immediate impact on the markets, as these things take time. As a result of the update, Bitcoin has dropped after every Federal Open Market Committee (FOMC) meeting in 2025, but these moves are primarily aimed at flushing out longs through high liquidations.

    According to the expert, the actual move on the markets and the direction should come in the next 1-2 weeks, which would give a better outlook going into 2026. The bullish trend has remained intact, and the thesis is still valid. However, BTC shouldn’t break the lows during the FOMC flush. Instead, it should break the $92,000 resistance zone to retest the $100,000 level.

    Bitcoin is still moving in a choppy pattern, driven by illiquid order books and fast moves in both directions. CryptoMichNL has also highlighted that BTC is still in for a new upward breakout in the coming days to weeks. Despite the volatility, BTC has continued to form higher lows, which is a clear sign that an upward structure is building.

    CryptoMichNL noted that, as the price doesn’t break down anymore, the heavy correction in the market was highly manipulated and not organic, which is very natural for the market to return to normal.

    Why Bitcoin Market Structure Remains Intact Despite Deep Pullback

    Bitcoin has not proven to be any different from the cycle. A full-time crypto trader and investor, Daan Crypto Trades, pointed out that the good initial bounce is right off the 0.382 Fibonacci retracement level, which is taken from the entire cycle move. Realistically, that was the lowest the price could go without breaking the broader weekly market structure.

    According to Daan, the invalidation is clearly the higher-timeframe outlook, and the November lows would become a very uncomfortable place for the bulls. As the year comes to an end, a lot of the 4-year cycle selling should also be diminishing. Meanwhile, Q1 2026 is shaping up to be extremely important as it will likely reveal where the BTC cycle will move next.

    Bitcoin

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    Godspower Owie

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  • American Bitcoin Makes Big Buy, Adds 416 BTC To Its Stack

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Bitcoin Lacks Fresh Momentum As Realized Cap Growth Still Declining

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    On-chain data shows the Bitcoin Realized Cap Growth indicator has continued to decline recently, a sign new capital inflows lack momentum.

    Bitcoin Realized Cap Growth Has Been Heading Down Recently

    As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Realized Cap Growth has been trending lower recently. The “Realized Cap” is an on-chain capitalization model for BTC that calculates its total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain.

    This is unlike the usual market cap, which simply calculates the total valuation of the asset by multiplying the number of tokens in circulation with the current spot price, considering the latest value of the cryptocurrency to be the one value for all coins.

    In short, what the Realized Cap represents is the amount of capital that the Bitcoin investors as a whole used to purchase the asset’s supply. On the other hand, the market cap is the value that the investors are carrying in the present.

    The Realized Cap itself isn’t the indicator of interest in the current discussion, but rather the Realized Cap Growth, measuring the 365-day changes occurring in the Realized Cap.

    Changes in the indicator naturally reflect the amount of capital exiting or entering the cryptocurrency. In other words, the Realized Cap Growth contains information about the asset’s netflow.

    Now, here is the chart shared by Maartunn that shows the trend in the 7-day and 59-day moving averages (MAs) of the Bitcoin Realized Cap Growth over the last few years:

    As displayed in the above graph, the Bitcoin Realized Cap Growth has witnessed both its 7-day and 59-day MAs reverse down recently, with the former line crossing under the latter.

    The trend indicates that growth in the Realized Cap has been slowing down during the recent market downturn. “This suggests Bitcoin is lacking momentum from new cost basis inflows,” noted the analyst.

    With the 7-day MA falling below the 59-day MA, the indicator is now flagging the current market to be in a “bear phase.” The last time this signal maintained for an extended duration was alongside BTC’s decline over the first few months of 2025. It now remains to be seen how long momentum from new capital inflows will stay weak for Bitcoin this time around.

    In some other news, the Bitcoin short-term holders are still under a notable amount of stress, as CryptoQuant author IT Tech has pointed out in an X post.

    Bitcoin STH Profit/Loss Margin

    Short-term holders (STHs) are defined as the Bitcoin buyers who got into the market during the past 155 days. Despite the rebound BTC has seen since its November low, STHs are still in a loss of 10%.

    BTC Price

    At the time of writing, Bitcoin is floating around $92,400, down 1.5% over the last 24 hours.

    Bitcoin Price Chart

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    Keshav Verma

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  • Bitcoin’s Market Structure Strengthens Despite Slower Trading Activity — Here’s Why

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    Despite a noticeable cooldown in trading volumes, Bitcoin’s underlying market structure has continued to strengthen. The price action has stabilized within a narrow range as long-term holders maintain firm conviction. As more BTC flows into cold storage and supply on exchanges tightens, the market is transitioning from hype-driven swings to steady structural support.

    How The Price Compression Builds Energy For A Larger Move

    CIO and founder of MNFund and MNCapital, CryptoMichNL, emphasized that Bitcoin shares a strong correlation with the Nasdaq. While Nasdaq continues to show steady resilience, BTC has stalled behind. This mismatch creates a mispricing and market divergence, which is why the path toward $100,000 remains wide open and why the 4-year cycle thesis doesn’t hold up.

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    Recently, BTC saw a massive correction, dropping from $115,000 to $80,000 in just two weeks. During that same liquidation period, what LVisserLabs calls the rotation between Pure Vol vs. Pure Profitability or Beta vs. Quality has fallen sharply. Beta here refers to high-volatility, high-beta stocks, which are essentially tech stocks that drive the markets. Meanwhile, Quality means more risk-off assets, including high-quality, profitable, and stable companies. 

    BTC exhibiting momentum for a rally | Source: Chart from CryptoMichNL

    Currently, BTC has stalled after the sell-off, and the Beta assets have recovered substantially, implying that the stocks have inverted their loss with the big drop and are now grinding upwards, signaling that risk-on appetite is clearly back. With this kind of structural divergence, it’s likely that in the coming weeks or months, BTC will grind upward to $110,000 and $115,000 levels, reversing the drop as the entire correction was a little dubious.

    CryptoMichNL advised that instead of relying on a time-based sounding the 4-year cycle assumption, it is better to focus on the charts and macro relationships that directly influence BTC price.

    On-Chain Activity Shows Clear Confidence From Big Money

    The ambassador of StandXOfficial and the KOL of Binance, who is also an advisor at KOLsAgency, Investor Ucan, has highlighted that the evidence of Bitcoin’s latest upward move is already on-chain. The last six hours have revealed a clear surge of institutional demand. On-chain data shows that Binance purchased 7,298 BTC, Coinbase bought 1,362 BTC, Wintermute bought 2,174 BTC, BlacRock bought 1,362 BTC, and an unknown whale bought 6,192 BTC. In total, 20,438 BTC were purchased in just six hours, valued at approximately $1.9 billion.

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    Ucan noted that the timing of this purchase is what stands out. These inflows hit the market hours before the Federal Reserve’s upcoming employment data was released. Institutional is clearly expecting a supportive outcome. A positive print refers to easing expectations and fresh liquidity on the horizon. Retail traders are reacting, and the institutions are anticipating early. If the Fed confirms what these flows imply, today’s buying won’t look like simple momentum, but preparation.

    Bitcoin
    BTC trading at $92,087 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Godspower Owie

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  • Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say

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    Bitcoin dropped sharply this month and is set to post one of its worst Novembers in years, leaving traders and fund managers weighing whether to buy or hold fire.

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    Based on reports, the token is down about 18% for November and was trading below $91,000 as markets quieted heading into the weekend.

    Market Cleansing Opens The Door For Buyers

    According to CoinGlass, this decline approaches the scale of losses seen in November 2019, when Bitcoin fell roughly 17%, and is far from the harsh 35% crash of November 2018.

    Reports have disclosed that some analysts view the drop as a market reset. Nick Ruck, research director at LVRG, said overleveraged positions and weak projects have been mostly cleared out, which could let longer-term holders add exposure at lower prices.

    Source: Coinglass

    Technical Levels Take Center Stage

    Traders are watching a pair of monthly-close levels closely. An analyst using the handle CrediBull Crypto identified $93,400 and $102,400 as the two most relevant thresholds.

    A close above $93,000 would be interpreted as a modest positive sign, the analyst said, while any monthly finish above $102,000 would be read as very bullish — though that may not happen until another month.

    Bitcoin changed hands around $91,450 in midweek trade, failing to break a resistance just under $92,000.

    Cycle Changes And Institutional Flows

    Based on reports from industry sources, some market watchers think the rhythm of rallies has shifted since the arrival of spot Bitcoin ETFs in early 2024.

    According to some analysts, institutional participation has altered the timing and breadth of moves. That has meant gains that once clustered at year-end can show up earlier.

    BTCUSD trading at $90,641 on the 24-hour chart: TradingView

    Market experts pointed out that November is usually a strong month for Bitcoin, and that a red November has often been followed by a red December in past years.

    A Stalemate Between Bulls And Bears

    Matrixport described the market as a rare zone of impasse where sentiment, positioning and macro cues are all converging. Reports noted that Bitcoin rebounded above $91.8K during Thanksgiving, but the move did little to resolve the split between bullish and bearish expectations.

    Liquidity has thinned, volatility has dropped, and requests for crash protection have faded. Glassnode added that realized losses have risen and futures markets are deleveraging, signs that short-term conviction is weak. That mix leaves the market stuck between a push toward $100K and a slide down to $80K.

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    Signs Point To A Big Move, Direction Unknown

    A bullish hammer reversal emerged when Bitcoin briefly touched the $80K area, giving some traders hope of a rally into the holiday season.

    Others say weak demand and thin liquidity could push prices lower before confidence returns. In either case, markets have been quietly positioning for a larger directional move, even if nobody can say for sure which way that move will go.

    For now, Bitcoin sits in a cautious in-between. Investors and traders will be watching the monthly close, liquidity measures and options flows for clues.

    The next clear signal could decide whether late buyers get rewarded — or whether sellers set a new range.

    Featured image from Gemini, chart from TradingView

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    Christian Encila

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  • Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch These Levels

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    Bitcoin has rallied more than 12% since last week’s sharp drop to the $80,000 low, offering the market a brief moment of relief after an intense period of capitulation. Despite this rebound, fear and uncertainty continue to dominate sentiment, especially following what analysts describe as the largest short-term holder capitulation in Bitcoin’s history.

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    This wave of realized losses—fast, aggressive, and record-breaking—has left many investors questioning whether the recent recovery is sustainable or simply a temporary bounce in a broader downtrend.

    According to new data from Glassnode, the path ahead remains challenging. Analysts explain that Bitcoin must break above the major supply clusters created by top buyers earlier in the cycle if it is to regain meaningful upward momentum.

    These clusters represent areas where a large number of investors previously bought at higher prices and may now look to exit at breakeven, increasing the likelihood of heavy sell-side pressure as BTC climbs.

    Bitcoin Faces Critical Supply Barriers

    Glassnode reports that Bitcoin is now approaching two major supply clusters that will play a decisive role in determining whether the recent rebound can evolve into a sustained recovery. The first cluster sits between $93,000 and $96,000, while the second—much larger and more structurally important—spans $100,000 to $108,000.

    These zones were formed by heavy buying activity earlier in the cycle and represent areas where many investors are currently underwater or sitting near breakeven.

    Bitcoin Cost Basis Distribution Heatmap | Source: Glassnode

     

    Because of this, Glassnode notes that these ranges typically act as strong resistance, as recent buyers who endured the latest drawdown may choose to sell once the price returns to their entry levels. This dynamic can create temporary supply walls, slowing down momentum even in moments of aggressive recovery.

    Bitcoin’s ability to break through these clusters will determine whether it can re-establish a path toward a new all-time high or remain trapped under heavy distribution pressure. The market is now entering a critical phase, with traders closely watching how BTC behaves as it approaches these levels. A clean breakout would signal renewed confidence, while rejection could signal that the broader corrective structure is not yet over.

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    Testing Support After a Sharp Multi-Week Selloff

    Bitcoin’s weekly chart shows a market attempting to stabilize after one of the most aggressive drawdowns of the cycle. BTC has rebounded to the $91,500 area following a deep wick to the $80K region last week, signaling that buyers are finally stepping in at key support. This rebound coincides with a strong weekly candle showing a long lower shadow, a classic sign of demand absorption during heavy selloffs.

    BTC consolidates around key level | Source: BTCUSDT chart on TradingView
    BTC consolidates around key level | Source: BTCUSDT chart on TradingView

    However, despite this bounce, the broader structure remains fragile. The price is trading below the 50-week moving average, a level that previously acted as reliable support throughout the bull phase. Losing this dynamic support earlier in the month was a significant technical break, and BTC is now attempting to reclaim it from below—typically a challenging move that often acts as resistance.

    Related Reading

    The 100-week moving average around the mid-$80K region has proven critical, halting the decline and serving as the primary area where buyers defended the trend. As long as BTC holds above this zone, the broader market avoids confirming a deeper macro reversal.

    Volume remains elevated, reflecting capitulation-level activity, and the market is now in a decisive phase. A sustained close above $92K–$94K would strengthen recovery prospects, while rejection would risk another retest of the $80K support.

    Featured image from ChatGPT, chart from TradingView.com

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    Sebastian Villafuerte

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  • Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?

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    As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers.

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    Solana Bounces Despite ETF Outflows

    The crypto market has surged above the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and most leading cryptocurrencies reclaiming crucial support levels lost during the latest market pullback.

    Solana joined the market rally and jumped from the recently recovered $135-$140 area to the upper zone of its local range on Wednesday afternoon. Notably, the altcoin has been trading between the $130-$145 price range over the past two weeks, briefly losing the lower boundary during last week’s correction.

    This week, SOL’s price has reclaimed some crucial ground, surging over 10% since Monday’s opening and nearing the $145 resistance. Amid this performance, analyst Ted Pillows noted institutional participation, as SOL treasury companies have started to show early signs of recovery.

    He also highlighted that Solana Exchange-Traded Funds (ETFs) have experienced record inflows this month despite the correction. According to Farside Investors’ data, the SOL-based investment products have registered $613 million in inflows since their launch on October 28.

    It’s worth noting that throughout the recent pullbacks, Solana funds have seen a strong demand, with a 22-day positive streak while the altcoin’s price descended to multi-month lows.

    However, as its price recovered, SOL’s ETFs registered their first negative in nearly a month. 21Shares’ TSOL, which launched a week ago, saw $34 million in outflows on Wednesday, outshining the over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s GSOL. As a result, the whole category recorded net outflows of $8.1 million.

    In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed for a while, but institutional buying needs to accelerate here. Otherwise, it won’t take long for Solana to make new lows.”

    SOL Ready For December Recovery?

    Analyst Ali Martinez suggested that Solana’s pain might be over as its price “usually bottoms when investors capitulate… And for the past two weeks, that’s exactly what’s been happening.”

    According to the chart, SOL’s price has historically found a floor when the Net Unrealized Profit/Loss (NUPL) indicator reaches the capitulation zone, which it has recently fallen to. Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month downtrend, which could trigger a 25% recovery rally near the key $180 barrier in the coming weeks.

    Another market observer warned that the altcoin is “walking straight into the lion’s den” as its price nears the $144-$146 resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected three times from this heavy supply area, and momentum “is slowing again as we hit the zone.”

    Related Reading

    To the trader, this is the crucial level to watch, as another rejection could send the price to the $132 support, where strong demand lies from the previous bounce. On the contrary, a successful breakout from this level and reclaiming it as support could confirm the shift and trigger a surge to the $157 area.

    As of this writing, Solana is trading at $142, a 7.7% increase on the weekly timeframe.

    SOL’s performance on the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Crypto Wins Big: Thailand Moves To A 0% Tax On Local Exchange Gains

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Selling Storm: Bitcoin Whales Could Drive Prices Down Further, Experts Warn

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    According to exchange data, inflows to trading venues topped 9,000 Bitcoin on Nov. 21 as prices slid to $80,600 on Coinbase — the weakest showing in seven months.

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    Reports show that about 45% of those deposits came in chunks of 100 BTC or more, and on one day large transfers reached 7,000 BTC.

    The average deposit size in November rose to 1.23 BTC, the largest monthly figure in a year. Those numbers point to more than casual rebalancing; they point to coins being moved where they can be sold.

    Binance Stablecoins Hit Record

    According to market coverage, Binance’s stablecoin holdings climbed to a record $51 billion. At the same time, BTC and Ether inflows to exchanges swelled to roughly $40 billion this week, with Binance and Coinbase leading the move.

    Traders often park funds in dollar-pegged tokens when they want to wait on the sidelines. That build-up means cash is available, but it is sitting idle until sellers either step back or buyers turn up again.

    Analysts Eye Further Pullback

    Some market watchers warn the recent recovery could be only a pause, flagging remaining margin positions and suggested a test of lower levels.

    They said a wick into the $70k–$80k zone would be one way to clear out the last pockets of exposure.

    10x Research put resistance levels at $92,000 and $101,000 as the key ranges to watch during any rebound.

    For context, Bitcoin had clawed back above $90,000 and was trading slightly higher at the time of reporting, but it remains down about 28% from the all-time high north of $126,000 reached in October.

    BTCUSD currently trading at $91,681. Chart: TradingView

    Short-Term Bounce, Not A Full Recovery

    Meanwhile, market moves in stocks and crypto have shown mixed signals. The S&P 500 and the Nasdaq were pushing gains as investors bet on a US Fed rate cut, and that helped risk assets.

    Yet reports from strategists show the usual close link between Bitcoin and the Nasdaq has weakened, with Bitcoin’s decline steeper in recent weeks.

    Ether and many altcoins also faced higher exchange inflows, and several tokens returned to bear-market lows as selling pressure widened.

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    What This Means Next

    Liquidity is present but it is parked in stablecoins, and big holders are still moving assets toward exchanges. A meaningful rally will likely need either heavy buying demand or a clear catalyst that draws those stablecoins back into risk assets.

    For now, the market sits in a waiting mode: a short rally could continue, but a deeper dip remains possible as positions get cleared and sellers complete their rotations.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Dead Cat Bounce: Analyst Reveals What To Expect As Price Recovers

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    Bitcoin’s (BTC) latest upward move arrives at a time when confidence in the market remains uncertain, with many traders unsure whether the slight price recovery marks early strength or another temporary bounce. With last week’s pullback still fresh, a crypto analyst argues that most traders may label the recent recovery a dead cat bounce. However, he believes the narrative is misleading and predicts that Bitcoin’s rebound this week may be setting the stage for a stronger rally. 

    Why The Bitcoin Price Recovery Is Not A Dead Cat Bounce

    Market analyst and founder of The House of Crypto, Peter Anthony, has released a new technical analysis of Bitcoin that challenges the prevailing bearish sentiment among traders. In his post on X, Anthony stated that the repeated claims of a dead cat bounce are part of a recurring pattern that has appeared at multiple stages of previous Bitcoin price recoveries. 

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    He explained that market sentiments have swung so far into fear that many traders may have already locked in their worst losses just as the market began to recover. According to his analysis, last week’s BTC sell-off and price crash prompted many participants to exit their positions near the bottom. Now that the cryptocurrency is recovering, the analyst believes those same traders will hesitate to re-enter the market, convinced that the recent rebound is nothing more than a dead cat bounce. 

    In his chart, Anthony highlighted several instances in the past when similar skepticism emerged after Bitcoin continued trending higher following a downturn. The analyst expects this pessimistic behavior to persist, stating that traders may continue labeling every upward push a dead cat bounce until BTC reaches $100,000 and beyond. This suggests that investors might interpret each step higher as a warning sign that the price rally is only temporary and bound to fail. 

    Source: X

    While he believes the underlying trend is bullish, Anthony has acknowledged that a correction could still emerge as Bitcoin approaches previous highs. However, he reassures that the routine pullback would not negate the broader recovery underway. 

    The analyst’s report indicates that the dead cat bounce narrative will prove to be a false signal. He predicts that disbelief in the market will eventually give way to Fear of Missing Out (FOMO) once Bitcoin decisively moves above $115,000. At that point, Anthony forecasts that many traders who sold during the downturn will scramble to buy back in at higher levels, completing a cycle of selling low and buying high. 

    BTC Could Hit $115,000 Before Skeptics Turn Bullish

    In a follow-up post, Anthony issued a sharp critique of the emotional trading patterns and bearish sentiment dominating the crypto market. According to him, many of these traders who insist the Bitcoin rally has ended will continue to call every upward move a dead cat bounce, even as the price advances. 

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    By the time Bitcoin hits $115,000, the analyst expects investor sentiment to shift abruptly, triggering a late surge of bullishness from traders who had doubted the initial recovery. Anthony argues that these sudden changes in viewpoint will have little to do with careful analysis and everything to do with watching the chart move and reacting afterward. 

    Bitcoin price chart from Tradingview.com
    BTC continues moving above $87,000 | Source: BTCUSD on Tradingview.com

    Featured image created with Shedevrum, chart from Tradingview.com

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    Sandra White

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  • Financial Strategist Debunks Prediction That Bitcoin Price Will Reach $220,000 In 45 Days

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    A recent claim that the Bitcoin price could surge to $220,000 in just 45 days has drawn sharp criticism from a financial strategist. The analyst frames such ambitious forecasts as unrealistic and highly speculative. Considering the recent decline in the BTC market, if the projection is taken at face value without supporting data, it overlooks ongoing market trends, macroeconomic conditions, and potential investor risks. 

    Strategist Labels $220,000 Bitcoin Price Forecast “Nonsense”

    South Korean scientist YoungHoon Kim, who holds the world’s highest reported IQ of 276, recently predicted that Bitcoin could more than double its current price and reach $220,000 within 45 days. Based on this forecast, the BTC price is expected to surge by over 151% from current levels below $87,500, potentially reaching a new all-time high by mid-January 2026. 

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    With Bitcoin down more than 31% from its ATH above $126,000, the bold forecast came as a surprise to many crypto members. The founder of Black Swan Capitalist, Versan Aljarrah, in particular, criticized the projection, calling it “nonsense.” He described it as an example of the speculative behavior that has long characterized the crypto space. 

    Source: Chart from YoungHoon Kim on X

    Aljarrah argued that predictions like Kim’s, which lack the visible support of a technical analysis, are what transform the crypto space into a “circus.” He highlighted that Bitcoin maxis will often go to extreme lengths to sustain the hype, promoting narratives that keep the speculative bubble alive even when market fundamentals raise caution.

    The Black Swan Capitalist founder also disclosed that Bitcoin has historically functioned more as a tool for predators and bad actors. His statements suggest that Kim’s forecast oversimplifies the complexities of the crypto market and distracts investors and traders from the fundamental structural factors driving Bitcoin’s price.  

    Bitcoin Price Continues To Falter Amidst Bullish Forecasts

    The Bitcoin market remains at a crossroads, with analysts forecasting sharp upward moves despite choppy price action. Despite predictions of a potential rally, BTC’s recent performance paints a more cautious picture, as its price has fallen by more than 20% over the past month, according to CoinMarketCap. 

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    Crypto analyst Pepesso recently issued a bullish forecast, suggesting that Bitcoin may have hit its bottom and could potentially start a recovery toward levels between $126,000 and $160,000. However, broader market indicators, such as the Fear and Greed Index, point to extreme fear, suggesting investors remain highly uncertain about BTC’s near-term outlook. 

    Other analysts, like Gen Detector, have presented a more conservative outlook, predicting that Bitcoin could first stabilize around the $100,000 psychological level before its next bear wave begins. However, he has not ruled out the likelihood of further price corrections, highlighting the potential for BTC to revisit the $70,000 to $50,000 range before the next major bull run.

    Bitcoin
    BTC trading at $86,867 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pngtree, chart from Tradingview.com

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    Scott Matherson

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  • JPMorgan’s Alleged Short On Strategy (MSTR): How A 50% Price Jump Could Spell Major Troubles

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    Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle. 

    With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year.

    Strategy Faces Potential MSCI Exclusion

    The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from major equity indices, specifically the MSCI USA Index. 

    JPMorgan’s analysts noted that the issues facing Strategy extend beyond the recent downturn in cryptocurrency prices, which have seen Bitcoin fall more than 30% from its all-time highs. 

    As of this writing, Bitcoin is trading around $86,000, while the broader crypto market has experienced a staggering $1 trillion decline in total market capitalization over the past month.

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    JPMorgan’s analysts indicated that MSCI is considering whether companies with over 50% of their total assets in digital currencies should qualify for inclusion in traditional equity indices. Given that Strategy’s balance sheet is heavily weighted with Bitcoin, it is at significant risk of exclusion. 

    The analysts stated that “MicroStrategy [is] at risk of exclusion from major equity indices as the January 15th MSCI decision approaches.” They speculated that removal from the MSCI could trigger approximately $2.8 billion in outflows, and if other index providers follow MSCI’s lead, the total could reach as high as $8.8 billion.

    The situation is complicated by market dynamics, particularly the timing of JPMorgan’s bearish note, which coincided with Bitcoin’s weakness and MSTR’s decline, all while liquidity was thin and overall sentiment fragile. 

    JPMorgan Faces Account Closures Surge

    According to analysts at the Bull Theory, JPMorgan has been noted for timing its market reports—bearing down when prices are already weak and striking a more bullish tone near market peaks. 

    The analysts have highlighted that share lending for MSTR has reportedly increased, allowing brokers to lend shares to short sellers, which can exacerbate downward pressure on the stock price. 

    Additionally, there are escalating reports of widespread account closures at JPMorgan, with thousands claiming to have exited due to perceived manipulation of both MSTR and Bitcoin. 

    Amid these developments, the fear of a potential short squeeze is growing. The analysts believe that if Strategy’s stock were to rally around 40% to 50%, it could trigger a short squeeze in the bank’s position and spell major financial troubles. 

    In response, Michael Saylor, the CEO of Strategy, has sought to clarify the company’s identity, emphasizing that it is not just a passive Bitcoin holder. He pointed out that Strategy operates as a software business with an active financial strategy, countering the narrative circulating around MSCI’s concerns.

    As the situation unfolds, several key points emerge. The October 10th crash appeared to align with the MSCI announcement, coinciding with an already fragile market state. JP Morgan’s strategic timing of its bearish insights has amplified existing fears, creating further uncertainty as MSCI’s final decision looms.

    The daily chart shows MSTR’s valuation trending downwards, trading below $170. Source: MSTR on TradingView.com

    Featured image from DALL-E, chart from TradingView.com

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    Ronaldo Marquez

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  • Bitcoin Rapid Downturn Triggered By Excessive Long Positions — Expert Weighs In

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    According to the latest on-chain data, investors have been excessively betting on the Bitcoin price in recent weeks, leading to its overall struggles.

    Longs Vs Shorts Imbalance — How This Induced Price Crash

    In a November 22 post on social media platform X, Alphractal CEO and founder Joao Wedson revealed the underlying dynamics behind Bitcoin’s recent unchecked fall. In deciphering this downward trend, the crypto pundit evaluated the Estimated Long/Short Positions metric, which estimates how much of the Open Interest across exchanges is dedicated to long positions relative to short positions.

    Wedson reported that, across 19 exchanges, there are about 71,000 BTC positioned in longs, while a relatively smaller amount of BTC (27,900) is dedicated to shorts. While this observation does not include data from the Chicago Mercantile Exchange (CME), the discrepancy between longs and shorts remains unusually large.

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    This imbalance is significant because when there are clusters of long positions at similar price levels, the market tends to lean into a more fragile state. Moderate pullbacks beneath these clusters often lead to a cascade of forced liquidations (known as a long squeeze) — an event which could in turn push prices further south.

    Source: @joao_wedson on X

    Notably, Wedson pointed out that traders must have been convinced that $100,000 was Bitcoin’s price bottom — a speculation that soon became null after its failure. Afterwards, $90,000 came into focus, with another series of liquidations following suit. At the moment, $84,000 seems to be the price majority of Bitcoin’s speculative traders target as the new price bottom.

    These liquidation events that took place after the $100,000 and $90,000 supports were breached provided more buy-side liquidity for the Bitcoin price to topple. At the same time, most significant short positions have been closed off, making it difficult for a more defined price recovery to take place, as there is barely any sell-side liquidity to send the Bitcoin price to the upside.

    For Bitcoin to recover, Wedson explained that there needs to be a significant decrease in long positioning, while short exposure goes on the rise.

    Watch Out For $81,250 — Analyst

    In another post on X, technical analyst Ali Martinez noted that Bitcoin’s 2-year moving average, which stands at approximately $81,250, is an important landmark for the future trajectory of the flagship cryptocurrency.

    The analyst explained that historical failures of the 730-day SMA have often marked the beginnings of bear markets. Thus, in the scenario where the Bitcoin price slips past its current 2-year average price, we could be witnessing the start of a long bearish cycle

    As of press time, Bitcoin holds a valuation of $86,251, reflecting an over 3% price jump in the past 24 hours.

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    Bitcoin
    The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • Buckle Up, Bitcoin ETF Buyers, $79K Might Be Your First Real Test

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    The cryptocurrency market has been under severe bearish pressure in the past week, with the price of Bitcoin falling below this year’s opening price. At the same time, other large-cap assets have struggled, registering double-digit losses over the past few days.

    In recent months, conversations have swirled around the death of the typical four-year cycle and a shift in the Bitcoin market structure, with the spot exchange-traded funds (ETFs) providing fresh, consistent liquidity. However, the latest on-chain data shows that BTC ETF investors could be under pressure in the coming days.

    $79,300: The Pain Threshold For BTC ETF Buyers

    In a recent post on the CryptoQuant platform, IT Tech shared an insight into the current Bitcoin market dynamics and how it could affect the relatively new set of investors known as BTC ETF buyers. According to the on-chain analyst, these exchange-traded fund holders are “about to face their first real test.”

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    The relevant metric here is the Bitcoin US ETF Realized Price, which tracks the average purchase price of BTC held by United States-based exchange-traded funds. This indicator offers insights into the profitability of institutional investors and holders.

    IT Tech, however, made an interesting assertion, calling out the idea that ETF capital inflows are “Institutional Money.” The crypto analyst noted that most value added through US-based exchange-traded funds is mostly from retail investors buying through their brokerage accounts.

    Source: CryptoQuant

    As observed in the chart above, the Bitcoin US Exchange-Traded Funds Realized Price currently stands around $79,300. IT Tech said that the ETF buyers often feel “smart” when above the realized price, while they feel panic (as seen with most retail investors) when below their cost basis.

    According to the on-chain analyst, these ETF investors are not accustomed to Bitcoin price declines. Hence, this group of exchange-traded fund holders or “new retail,” who have not been tested before, could enter a phase of panic selling should they go underwater.

    Currently, the next significant support for the market leader is marked at around $82,000, where several spot investors have their cost basis. Ultimately, this evaluation makes $79,300 another crucial level to watch should the price of Bitcoin suffer further downturn. 

    Bitcoin Price At A Glance

    As of this writing, the price of BTC stands at around $84,500, reflecting an over 2% decline in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by more than 11% in the past week.

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    Bitcoin
    The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • $2 Billion Gone In Minutes: Bitcoin Slide Shakes Crypto World

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    According to exchange and on-chain data, global crypto markets plunged Friday as prices slid and forced a widespread sell-off. Bitcoin fell under $83,000, while Ethereum traded below $2,800. The breakdown sent roughly $2 billion of positions into liquidation, knocking confidence and prompting quick losses across major tokens.

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    Heavy Liquidations Rock Traders

    Reports show more than 390,000 accounts were wiped out during the move. One single BTCUSD order on Hyperliquid stood out at $37 million, a sign of how fierce the selling became. Bitcoin bore the brunt: about $962 million of BTC positions were erased within 24 hours, with long bets making up nearly $931 million of that total. These figures underline how concentrated the damage was among those betting on higher prices.

    Source: Coinglass

    Long Positions Versus Shorts

    Long liquidations across the market approached $1.78 billion, while short liquidations were much smaller at close to $130 million. A rapid shift followed a strong US jobs report, which removed odds of a December rate cut and triggered roughly $450 million in liquidations in just two hours. That macro surprise appears to have fed directly into traders’ risk management systems.

    Options Expiry Raises Stakes

    Derivatives activity added pressure as more than $4.2 billion of crypto options were due to expire that day. Over 39,000 BTC options, valued near $3.4 billion, were on the docket. The longer-term put-call ratio sat at 0.52, but heavy recent put buying pushed the 24-hour ratio up to 1.36, signaling a burst of hedging.

    BTCUSD currently trading at $85,543. Chart: TradingView

    The so-called max pain level for Bitcoin was around $98,000, well above where spot trades were happening. Ether options also featured prominently, with more than 185,000 contracts worth close to $525 million set to lapse. ETH’s 24-hour put-call moved to 1.01 from 0.72, and the options market’s max pain rested near $3,200, above spot prices near $2,800.

    Altcoins Felt The Impact

    The rout spread fast. Solana dropped 11% to about $126, while XRP slid more than 8% to roughly $1.91. Other tokens that fell in the wave included ASTER, HYPE, TNSR, DOGE, and ZEC. Selling was broad, showing that the move was not limited to one market or sector.

    Whale Losses Highlight Risk

    On-chain monitors flagged big losses among sizable holders. PeckShieldAlert reported individual ETH liquidations in the range of almost $3 million to $6.50 million.

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    Lookonchain tracked a high-profile account, Machi, whose total paper losses topped $20 million and whose balance was reported at just $15,530 after the hits. Another large account, labeled the “Anti-CZ Whale,” also saw profits plunge on Hyperliquid.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Shows A Clear Momentum Reset — Is A Trend Reversal Coming?

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    The dynamic landscape of the Bitcoin market is entering a full momentum reset, the kind that typically appears in the cooling phase between major trend cycles. After a period of decisive movements, the market now finds itself in a state where previous directional force has largely dissipated, allowing for a re-evaluation of its path.

    A Necessary Reset Before Bitcoin’s Next Big Push

    In an X post, Swissblock has mentioned that Bitcoin momentum is clearly in a reset phase, and the question now is how long until it flips. Historically, in late February to early April 2025, the bottom required roughly 7 weeks for a full momentum to reset. Moving further back to late June to late September 2024, the correction took close to 14 weeks for a full reset and consolidation before a clear trend emerged.

    Data shows that the current momentum reset has been underway for weeks, placing BTC right inside the window where past cycles have typically reached exhaustion. This zone historically marks the point where downside pressure weakens and the higher probability of a counter-trend move increases sharply.

    The crypto market is collapsing. An industry-leading commentary on the global capital markets, The Kobeissi Letter, revealed that on October 6th, just 45 days ago, Bitcoin touched an all-time high of $126,272, with the total crypto market capitalization reaching $2.5 trillion. However, everything changed on October 10th, when President Donald Trump threatened 100% tariffs on China, shifting the surface of the crypto market.

    This announcement triggered a chain reaction record of $19.2 billion in liquidations, the highest ever recorded in a single event, and BTC never truly recovered from the shock. Even when a trade deal between the US and China was reached on October 30th, the liquidation pressures only worsened. Since November 10th, BTC price action has moved into a literal straight line lower, with average daily liquidations approaching $1 billion. 

    Throughout this entire 45-day bear market, there has been an absence of bearish fundamental developments within the crypto space. Kobeissi concluded that this is a mechanical bear market driven by an excessive level of leverage and sporadic liquidations, claiming the market is efficient, and it will iron itself out.

    Will BTC Emerge Stronger From This Test?

    This current Bitcoin correction has now fallen perfectly in line with the previous major drawdowns of this cycle. A full-time crypto trader and investor, Daan Crypto Trades, highlighted that each of these corrections in the ongoing cycle has their own story, but this one is hitting the market the hardest.

    Though the 10/10 liquidation event didn’t just hit BTC, it obliterated altcoins. For most of this brutal BTC correction, equities and metals were making fresh all-time highs, further triggering the bearish condition of the crypto landscape.

    Bitcoin

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    Godspower Owie

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  • Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash

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    Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from.

    The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash

    In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash. 

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    Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session. 

    Source: Chart from Crypto Rover on X

    Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again.

    Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data.

    Coinbase BTC Premium Index In The Red

    CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors. 

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    Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data. 

    Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40. 

    At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $83,783 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Scott Matherson

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